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Am I the only one who's noticed that republicans are sparing no expense to rescue the economy?

Vern said:
oh fled, when you try to "limit" the discussion about the Bush Mortgage Bubble to laws signed by bush, you only prove your obsession with me and your dishonesty. I can say that because you've used that dishonest tactic before and (read this very very slowly) I've explained to you that Bush's policies and regulation caused the Bush Mortgage Bubble.

don't worry fled, you're not the only conservative (or conservative like poster) who lets his obsession of me force him to flush his integrity down the toilet. I'm used to it.
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Feel free to cite the laws written and/signed by Bush that led to the bubble.

Oh, that's right. You can't.

You can only project your failings on others.
 
danielpalos said:
At-will employment means no silly for-cause restrictions for unemployment. Only the right wing appeals to ignorance of the law and blame the less fortunate for being "illegal".
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No it does not mean that just because you’ve claimed a million times it does. And it’s never going to.
 
danielpalos said:
lol. Capitalism is about capital not social equality.
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No. It’s a commonly held and ignorant perspective that Capitalism is all about capital and similarly that Socialism is all about society.
 
Aberration said:
No. It’s a commonly held and ignorant perspective that Capitalism is all about capital and similarly that Socialism is all about society.
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Capitalism is about the capital bottom line not social equality.

Socialism is supposed to be about equality and equal protection of our own laws regardless of capital.
 
Fledermaus said:
Feel free to cite the laws written and/signed by Bush that led to the bubble.

Oh, that's right. You can't.

You can only project your failings on others.
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Fled,this is a debate forum. It just seems odd that you ignore me telling you yet again that it wasn't legislation that caused the Bush Mortgage Bubble. Its as if you hit the reply button without reading my post. And we've had this exact discussion before. It seems you settled on this "narrative" after I pointed out how false your "(bush) didn't start the fire. He was trying to put it out" was. Here's the whole quote. Its quite impressive

Whether it happened "On Bush's Watch" is irrelevant if he is not the one that started the snowball down the hill. That is simplistic Child Think. He didn't start the fire. He was trying to put it out.

I didn't really appreciate the Fire and Ice analogy in the same post at the time. And the "simplistic Child Think surrounded by analogies is pure genius. anyhoo, as stated and proven repeatedly, it was Bush's policies and regulation that caused the Bush Mortgage Bubble. If you want to discuss the legislation that you think caused it go ahead and post it. And remember, it is a debate forum so you when post random things, I going to ask you to explain the connection to the timeframe delineated by Bush, the fed and actual mortgage data.
 
Yet, the Richest are reaping the greatest rewards.

From 1978 to 2018, inflation-adjusted compensation based on realized stock options of the top CEOs increased 940.3%. The increase was more than 25–33% greater than stock market growth (depending on which stock market index is used) and substantially greater than the painfully slow 11.9% growth in a typical worker’s annual compensation over the same period. Measured using the value of stock options granted, CEO compensation rose 1,007.5% from 1978 to 2018.

CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time | Economic Policy Institute
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Vern said:
Fled,this is a debate forum. It just seems odd that you ignore me telling you yet again that it wasn't legislation that caused the Bush Mortgage Bubble. Its as if you hit the reply button without reading my post. And we've had this exact discussion before. It seems you settled on this "narrative" after I pointed out how false your "(bush) didn't start the fire. He was trying to put it out" was. Here's the whole quote. Its quite impressive

Whether it happened "On Bush's Watch" is irrelevant if he is not the one that started the snowball down the hill. That is simplistic Child Think. He didn't start the fire. He was trying to put it out.

I didn't really appreciate the Fire and Ice analogy in the same post at the time. And the "simplistic Child Think surrounded by analogies is pure genius. anyhoo, as stated and proven repeatedly, it was Bush's policies and regulation that caused the Bush Mortgage Bubble. If you want to discuss the legislation that you think caused it go ahead and post it. And remember, it is a debate forum so you when post random things, I going to ask you to explain the connection to the timeframe delineated by Bush, the fed and actual mortgage data.
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Standard VBV* prattle..........

Incapable of pointing to any law or directive that created the conditions that led to the Mortgage Bubble Vern throws out nonsense that does nothing to support his rather simplistic and incorrect claims.

*Vern being Vern
 
Fledermaus said:
Standard VBV* prattle..........

Incapable of pointing to any law or directive that created the conditions that led to the Mortgage Bubble Vern throws out nonsense that does nothing to support his rather simplistic and incorrect claims.

*Vern being Vern
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oh fled, adding “and directives” doesn’t make your post any less dishonest. I have posted the Bush policies that caused the Bush Mortgage Bubble dozens of times. And you’ve seen them because you’ve seen my FAQ thread. You spammed it up pretty good with your “nuh uhs” and “what legislation”. And you’re doing the same here. Anyhoo, since I love posting about the Bush Mortgage Bubble, I’ll post it the “big two” Bush policies special for you. There are so many more but these are the big ones. and don’t forget, you knew about bush’s policies as you hilariously claimed “he was trying to put the fire out”.

Bush preempted all state laws against predatory lending
Bush lowered capital requirements for investment banks.

As I’ve explained in the FAQ thread, when subprime loans started growing, 30 states passed laws protecting borrowers. Not only did bush say that state laws didn’t apply to national banks, he said they didn’t even apply to banks with state charters if they were affiliated with a national bank. And fled, I know you know this because you wouldn’t stop whining about one of the links I posted that showed bush’s preemption policy was unconstitutional.
 
Vern said:
oh fled, adding “and directives” doesn’t make your post any less dishonest. I have posted the Bush policies that caused the Bush Mortgage Bubble dozens of times. And you’ve seen them because you’ve seen my FAQ thread. You spammed it up pretty good with your “nuh uhs” and “what legislation”. And you’re doing the same here. Anyhoo, since I love posting about the Bush Mortgage Bubble, I’ll post it the “big two” Bush policies special for you. There are so many more but these are the big ones. and don’t forget, you knew about bush’s policies as you hilariously claimed “he was trying to put the fire out”.

Bush preempted all state laws against predatory lending
Bush lowered capital requirements for investment banks.

As I’ve explained in the FAQ thread, when subprime loans started growing, 30 states passed laws protecting borrowers. Not only did bush say that state laws didn’t apply to national banks, he said they didn’t even apply to banks with state charters if they were affiliated with a national bank. And fled, I know you know this because you wouldn’t stop whining about one of the links I posted that showed bush’s preemption policy was unconstitutional.
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More VBV.
 
Fledermaus said:
More VBV.
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If you mean "responding directly to posts in a clear straightforward intelligent and honest fashion" then yes, that's VBV. I would say your juvenile deflection was just Fled being Fled but its what most conservative (and conservative like posters) do when I shred their beliefs. And fled, I posted two "directives" from bush that were instrumental in causing the Bush Mortgage Bubble. Its literally what you asked for. But we both know you weren't looking for facts. Anyhoo, lets do some more VBV and discuss the causes of the Bush Mortgage Bubble in detail. Here's me proving bush protected predatory lenders. lets read his "directives".

“By early 2004, these concerns prompted Georgia and more than 30 other states to pass laws designed to eliminate abusive or predatory lending practices by the financial services firms, including those with federal charters, operating within their boundaries.
Acting on a request from a national bank, the OCC in 2003 concluded that federal law preempts the provisions of the Georgia Fair Lending Act (GFLA) that would otherwise affect national banks’ real estate lending. "

404 Page Not Found | OCC

So we learned that over 30 states passed laws to "eliminate abusive or predatory lending practices by the financial services firms, including those with federal charters". Now why would bush issue a "directive" to preempt all state laws against "abusive or predatory lending practices"? Well that's easy, because banks told him to. the "official" reason was

"In addition, clarification of the applicability of state laws to national banks should remove disincentives to subprime lending and increase the supply of credit to subprime borrowers.”
 
Vern said:
If you mean "responding directly to posts in a clear straightforward intelligent and honest fashion" then yes, that's VBV. I would say your juvenile deflection was just Fled being Fled but its what most conservative (and conservative like posters) do when I shred their beliefs. And fled, I posted two "directives" from bush that were instrumental in causing the Bush Mortgage Bubble. Its literally what you asked for. But we both know you weren't looking for facts. Anyhoo, lets do some more VBV and discuss the causes of the Bush Mortgage Bubble in detail. Here's me proving bush protected predatory lenders. lets read his "directives".

“By early 2004, these concerns prompted Georgia and more than 30 other states to pass laws designed to eliminate abusive or predatory lending practices by the financial services firms, including those with federal charters, operating within their boundaries.
Acting on a request from a national bank, the OCC in 2003 concluded that federal law preempts the provisions of the Georgia Fair Lending Act (GFLA) that would otherwise affect national banks’ real estate lending. "

404 Page Not Found | OCC

So we learned that over 30 states passed laws to "eliminate abusive or predatory lending practices by the financial services firms, including those with federal charters". Now why would bush issue a "directive" to preempt all state laws against "abusive or predatory lending practices"? Well that's easy, because banks told him to. the "official" reason was

"In addition, clarification of the applicability of state laws to national banks should remove disincentives to subprime lending and increase the supply of credit to subprime borrowers.”
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Another example of VBV.

The stage was set long before Bush had any hand in things.............
 
Fledermaus said:
Another example of VBV.

The stage was set long before Bush had any hand in things.............
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thank you for more silly analogies Fled but you're never going to top your Fire and Ice analogy. Now lets get back to Bush's preemption policy. Now you learned from the FAQ thread that all 50 state banking supervisors and AG's were against Bush's "directive" to increase subprime lending. they also told you exactly what would happen

"Concentrating regulatory control at the OCC ensures that regulatory and consumer protection problems that emerge will be solved with a one-size fits all approach," CSBS President and CEO Neil Milner wrote in his comment letter, adding that the proposed rule would concentrate regulatory power in the hands of a single individual, the Comptroller, with virtually no direct congressional oversight until problems or scandals emerge."

So thanks to bush, banks no longer had to check if the borrower could afford the loan. So no doc loans went from 4.3% to about 50%. Yikes. So to prevent you from posting more silly analogies, the only thing that has changed from before the Bush Mortgage Bubble is Bush's preemption "directive" was ruled unconstitutional and banks now have to verify that the borrower can afford the loan. Yep, derivatives are still unregulated, Glass Steagal is still repealed, CRA is still helping provide profitable loans to credit worthy borrowers. Can you at least give me a hint as to what "stage" you think was set before bush that prevented his regulators from doing their jobs and allowed Banks to stop checking income and allowed them to ignore state regulators trying to stop them? Its your narrative, I really shouldn't have to ask for hints.
 
Under-utilized hospital ships could be re-positioned at Angel or Ellis Islands or both, to provide medical resources to any ships stranded due to the current pandemic.
 
Fledermaus said:
Another example of VBV.

The stage was set long before Bush had any hand in things.............
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Fled, where'd you go? Are you running out of silly analogies. I keep a list of them because they make me laugh. Here's some if you want to pick one out. they're not really good but you don't care. you're not here to debate

started to Snowball
Planted the seed
Broke the camel’s back
Got the ball rolling
Started the fire
Train left the station
"it accelerated on tarmac laid down in Clinton"

anyhoo, I've posted this chart dozens of times. it shows subprime defaults steady from 2000 through 2004. the graph doesn't show it but j mortgage defaults were actually declining going into 2004. 2005 almost doubles 2004. 2006 doubles 2005. Yea, something changed. You could even say "dramatically" changed.

epd.jpg

why do you think mortgages defaults increased so rapidly in 2005?
 
Vern said:
Fled, where'd you go? Are you running out of silly analogies. I keep a list of them because they make me laugh. Here's some if you want to pick one out. they're not really good but you don't care. you're not here to debate

started to Snowball
Planted the seed
Broke the camel’s back
Got the ball rolling
Started the fire
Train left the station
"it accelerated on tarmac laid down in Clinton"

anyhoo, I've posted this chart dozens of times. it shows subprime defaults steady from 2000 through 2004. the graph doesn't show it but j mortgage defaults were actually declining going into 2004. 2005 almost doubles 2004. 2006 doubles 2005. Yea, something changed. You could even say "dramatically" changed.

View attachment 67277515

why do you think mortgages defaults increased so rapidly in 2005?
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More VBV.
 
Repurposing underutilized cruise ships into newer hospital ships than what we have now may be a good investment at this time.
 
Vern said:
don't get me wrong, I fully support the effort. Its what they should be doing but I just cant help but suspect its only because a republican is president.
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If Hillary won they'd be having an impeachment hearing right now and they'd have filibustered any stimulus package. After they had accused her of creating the virus to try to kill old republican voters.
 
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